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What are the dividends received by preferred stockholders

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Problem: A Company has 5000 shares of 7%, $15 par value, cumulative preferred stock and 150,000 shares of $1 par value common stock outstanding at December 31, 2019 and December 31, 2020. In 2019, a $2000 dividend was declared and paid. In 2020, $33,000 of dividends are declared and paid.

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Question: What are the dividends received by the preferred stockholders in 2020? Please provide the authentic solutions along with all the calculation.

Reference no: EM132419735

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